The Hong Kong Exchange 's bid for the LSE highlights its desire to finally build the data business it's lacked to compete with its rivals
HKEX has proved to be extremely efficient, running on a high operating margin, but its data business is only a small portion of its revenue., market data fees represented only 6.5% of the Hong Kong Exchange's total revenue. That's a paltry amount when compared with others in the space, most notably its acquisition target LSE. LSE's information-services business is its largest. , the venue reported 43.3% of its total revenue came from information services, which includes traditional market data as well as its indexes business via FTSE Russell. Global exchanges' data revenue compared with trading. Opimas blog post on HKEX's website discussing its bid for LSE, Charles Li, the exchange's CEO, noted how successful LSE had been at selling information and HKEX's desire to get into the space as well. "Data is also part of HKEX's ambitions," Li wrote."We intend to inject new energy and vigor into the global financial industry by leveraging the massive amounts of data generated from Asian countries and, in particular, the highly digitized economy of China." To be clear, the deal faces several hurdles to getting approved. Regulators, who have been hesitant in the past to approve cross-border exchange acquisitions, seem likely to be the biggest impediment. "Most exchanges are looked at as national treasures, and they don't want to give them up to people outside the country," Larry Tabb, the founder and research chairman of the Tabb Group, told Business Insider."It has seemed like the day of these big, global exchange mergers has passed, but we'll see." Read more: Read more: Business Insider
U.K. Could Block Hong Kong Bid for London ExchangeThe U.K. government is unlikely to approve a potential $36.6 billion takeover of London Stock Exchange Group by its Hong Kong rival because it forms too critical a part of the country’s financial infrastructure. China’s ambitious dream to dominate London financial market... shattered! Good night comrades! Chinazi HK is under the thumb of China. The UK will not allow their exchange to be controlled by the Chinese Communist Party. CCP wants to dominate U.K. by dominating the financial system of U.K.
Hong Kong Stock Exchange Bids Nearly $37 Billion for London RivalA deal would unite two of the world’s major stock exchanges when both regions are under political pressure, with Hong Kong reeling from a summer of violent protests and London gripped by political paralysis. Wow. Deal might allow CHINA to manipulate markets to negatively impact future US economy. Corporate CHINA is much differently structured than Corporate America and Western Europe. Sen. Rubio has a heads up on this one.
Hong Kong Exchange makes surprise $39 billion offer for Britain's LSE Hong Kong Exchange s and Clearing made a surprise $39 billion takeover ... Nothing to do with the price of sterling at the moment. Do it, add to my madness. brexit article50 Since China has breached joint declaration, UK should claim back Hong Hong, and take control of the HK stock market.
Hong Kong makes $37 billion bid for the London Stock ExchangeHong Kong has made a surprise £30 billion ($37 billion) takeover bid for the London Stock Exchange. It would create the world's third biggest stock exchange group behind the New York Stock Exchange and Nasdaq in terms of the value of companies listed. True, Sir. It's not HongKong. It's Shanghai, Beijing, China or CCP whatever you name it. Bring it on! 5b)When even children cry&make a stand,anyone will know something is deeply wrong with the State.HongKongProtests
Hong Kong exchange shares fall as political risks of $38 billion LSE approach weighShares in the Hong Kong stock exchange fell more than 3% on Thursday as investor...
Hong Kong stock exchange could find London exchange 'unaffordable,' says strategistThe Hong Kong stock exchange could find the London stock exchange 'potentially unaffordable,' according to a chief strategist at Bank of Communications International.